Participation of Creative Economy Innovation Center Director and Partner Large Corporations

The Ministry of SMEs and Startups, in collaboration with the Local Era Committee, announced that on the 15th, they held a 'Creative Economy Innovation Center Meeting' at Pohang Change-up Ground, attended by heads of 19 Creative Economy Innovation Centers nationwide and partner large corporations.


Minister Lee Young, Ministry of SMEs and Startups <br>Photo by Yonhap News

Minister Lee Young, Ministry of SMEs and Startups
Photo by Yonhap News

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At the meeting, key achievements of the innovation centers, focusing on open innovation with partner large corporations, were shared. Additionally, future development plans based on new partnerships were discussed.


The development plans included restructuring the open innovation system, introducing a joint incubation system for regional startups through building a one-team approach among innovation centers, and measures to strengthen self-sustainability. These details will be concretized after sufficient internal and external consultations.


Minister Lee Young of the Ministry of SMEs and Startups and Woo Dong-gi, Chair of the Local Era Committee, inspected innovation cluster sites in the Pohang area, including Change-up Ground, Pohang Institute of Industrial Science and Technology (RIST), and the planned site for the Manufacturing Incubation Center. During this process, they listened to information on the creation of the regional startup value chain, the roles of local companies, and their achievements.


Chair Woo stated, “We expect the Creative Economy Innovation Centers, which serve as cooperation hubs between large and small-medium enterprises, to play a key role in enabling innovative SMEs in local areas to become protagonists of the local era, and the Local Era Committee will actively support this.”



Minister Lee emphasized, “As part of corporate social responsibility management, large corporations must go beyond the existing methods of supporting regional startups and lead the regional startup ecosystem through a new form of open innovation that strategically fulfills mutual demands in a win-win manner. The private sector will lead the startup ecosystem, and the government will support it institutionally and administratively. Through this new paradigm, we will build a global-level startup ecosystem.”


This content was produced with the assistance of AI translation services.

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